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Capital Gain
Plot sold on 23/05/2019 and on that there is a capital gain of 15 lacs ,can we get exemption under 54EC if we make investment now?
Replies (3)
If Plot sold on 23/05/2019 and on that there is a capital gain of 15 lacs, than to get exemption under 54EC you are required to make investment in notified Capital gain bond within 6 month from date of sale, which is already Passed.
So, now you can not get exemption by making investment in bond.
So, now you can not get exemption by making investment in bond.
There are more pertinent points...
Your capital gain is short term or long term.
You can claim exemption under Sec 54 EC upto a limit of Rs. 50 lacs within six months from the date of sale.
Your capital gain is short term or long term.
You can claim exemption under Sec 54 EC upto a limit of Rs. 50 lacs within six months from the date of sale.
| Originally posted by : sabyasachi mukherjee | ||
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There are more pertinent points...Your capital gain is short term or long term.You can claim exemption under Sec 54 EC upto a limit of Rs. 50 lacs within six months from the date of sale. |  |
I agree with @ Mukherjee Ji
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